The rumor mill is spinning overtime on struggling Intel (INTC) as the tech icon looks at ways to create shareholder value.
Chip rivals Taiwan Semiconductor (TSM) and Broadcom (AVGO) are each eyeing deals with Intel that could break up the company, the Wall Street Journal reported over the weekend.
Broadcom is reportedly looking to gain control of Intel’s lucrative chip design and marketing business. Taiwan Semiconductor is reportedly studying controlling some or all of Intel’s chipmaking plants.
A spokesperson for Intel didn’t immediately return Yahoo Finance’s request for comment.
A breakup could extract a good bit of value for long-suffering Intel shareholders, Evercore analyst Mark Lipacis estimated.
In an analysis of Intel’s business, Lipacis said Intel is conservatively worth $167 billion or $38.24 a share. Intel’s stock closed on Friday at $23.60, down roughly 50% over the…
